Arabic News Weekly Edition for Economics, 2/16/1998
Weekly Edition, Economics - Week of February 16, 1998
- Yemeni citizens the poorest in the world
The International Bank said Yemen and Mauritania are among the countries whose citizens earning power is the lowest income in the world. Yemen, Economics, 2/21/1998 - Saudi Arabia concerned over oil price reduction
The Saudi minister of petroleumdenied reports that the deterioration in oil prices is due to the decision of OPEC in its most recent conference in Jakarta to raise its production level to 27.5 million barrels daily. Regional-Saudi Arabia, Economics, 2/21/1998 - Tunisia: $6 billion to link the African countries
Tunisian Minister of Communications Ahmed Koria confirmed a project worth an estimated $6 billion to link the African countries with a underwater cable. North Africa, Economics, 2/21/1998 - Oil-for-food Iraq, Economics, 2/21/1998
- Egyptian company agrees to export food products to Iraq
El-Shawi is currently in communication with the Foreign Ministry to obtain the approval of the compensation committee at the United Nations for the contract within the oil-for-food program between the UN and Iraq. Egypt-Iraq, Business, 2/21/1998 - 8 million passengers from the Tunisian airports - in last year
Tunisian Airlines signed the last year contracts to buy 15 new airplanes, to be delivered in the coming years. Tunisia, Business, 2/21/1998 - Trade between Egypt and Libya expected to reach $1 billion Egypt-Libya, Economics, 2/21/1998
- $830 billion Arab savings are abroad
"The total amount of savings by Arabs abroad is $830 billion," Secretary General of the Union of Arab Banks, Dr. Adnan al-Hindi stated. Regional, Economics, 2/21/1998 - More Jordanian contracts as UN contemplates raising limit on Iraq
Iraq has objected to it in the past on the grounds that such a deal will delay the lifting of the sanctions by lessening the severity of the sanctions, and making support for the sanctions more palatable to other nations Jordan-Iraq, Economics, 2/20/1998 - Morocco: We're number one in the world in phosphates
Revenues from the bureau's phosphate exports reached $1.5 billion, and he's expecting that these revenues will rise to $2 billion by the year 2000. Morocco, Business, 2/20/1998 - Yemen, Indonesia sign economic cooperation agreements
The three agreements, cosigned by the two foreign ministers, deal with trade, protection of investments, and a memorandum of understanding to establish a joint committee to promote cooperation/ Yemen, Economics, 2/20/1998 - Tunisian - Egyptian high committee to meet in March
The committee will consider new agreements to enhance cooperation between the countries, and implement 30 signed agreements in different fields. Tunisia-Egypt, Economics, 2/20/1998 - Moussa meets with African economic delegation
SADK comprises14 countries, including South Africa, who is currently heading the organization. The volume of the trade amongst the member states is $45 billion annually. Egypt-North Africa, Economics, 2/19/1998 - Syria privatization Syria, Economics, 2/19/1998
- Saudi Arabia applies Arab trade zone agreement
The Saudi Cabinet has authorized the Ministry of Finance to take the necessary procedures to facilitate and develop commercial exchange between Arab states through the implementation of the Arab Free Trade zone requirements. Saudi Arabia, Economics, 2/19/1998 - Egyptian minister of petroleum: Egypt ready to sell gas to Israel Egypt, Economics, 2/19/1998
- Jordan and Iraq sign commercial agreement for 1998
Jordan and Iraq signed a commercial protocol between them for 1998 after two days of a talks, which were described by the Iraqi minister of commerce, Mohammed Mahdi Saleh, as being the easiest talks since 1989. Jordan-Iraq, Economics, 2/18/1998 - China, Yemen sign cooperation agreements
China and Yemen have signed two trade agreements in the course of strengthening bilateral trade relations and economic cooperation between the two countries. Yemen, Economics, 2/18/1998 - France supports Saudi Arabia and participates in infrastructure projects
The French secretary of state for foreign trade, Jacques Dondoux, announced that France will support Saudi Arabia in its bid to join the International Trade Organization. Saudi Arabia, Economics, 2/18/1998 - EU presidency coordinator arrives in Amman Jordan, Economics, 2/18/1998
- Egypt will not export natural gas to Israel
The Egyptian minister of petroleum, Dr. Hamdi el-Banbi said, "We do not have plans for future talks concerning this matter because of Israel's attitude toward the peace process." Egypt, Economics, 2/17/1998 - Burying imported chemical waste at Egyptian site
An Egyptian company for chemical industries has started to bury toxic chemical waste at a site, constructed with a non-refundable German grant of almost 20 million German marks, made especially for containing this waste. Egypt, Business, 2/17/1998 - Yemen increases fish production
8 private companies from Egypt, China, and Oman received licences to fish in Yemeni regional waters. Yemen, Business, 2/17/1998 - Arab, U.S contacts to lift the embargo on Arab investment bank
The bank management demands lifting the embargo imposed on its accounts in the U.S. because the bank is a U.A.E bank and Libya's share in it constitutes a minority and the frozen accounts return to parties other than Libya. Regional, Economics, 2/17/1998 - French, Saudi officials meet on bilateral relations Saudi Arabia, Economics, 2/17/1998
- Cairo International Market 40 countries and 1,500 foreign companies
Egyptian Minister of Trade and Supply Ahmed Goweili called on the ministers of trade and economy in a number of Arab and European countries to attend the inauguration of the market's 31st session. Egypt, Economics, 2/17/1998 - Jordan's King receives an American Investment delegation
The delegation members said peace and stability could bring investments into the region and bring about the developments to help the region's people. Jordan, Economics, 2/17/1998 - Arab unemployment rate reaches 11.5%
The total income of the Arab states has remained almost unchanged for the past 18 years, at which time the population growth rate reached 2.8% annually, resulting in an average of 40% reduction of individual incomes. Regional, Economics, 2/16/1998 - Saudi - French water, agricultural cooperation discussed
Saudi Minister of Agriculture and Water Abdullah Muammar on Sunday met in Riyadh with French Trade Minister Jacques Dondoux and his accompanying delegation, currently visiting Saudi Arabia. Saudi Arabia, Economics, 2/16/1998 - Syrian oil-diesel tanks allowed into Turkey Syria-Turkey, Business, 2/16/1998
- Iraqi-Jordanian trade relations reviewed
The Iraqi minister discussed with the Jordanian minister of transport and communications cooperation between the two countries in the fields of transport and using Aqaba port in Jordan for Iraqi imports and to revive the activities of the Iraqi-Jordanian joint land transport company. Jordan-Iraq, Economics, 2/16/1998 - Cairo hosts the eighth summit for the group of 15
The summit will include a meeting of the ministers of commerce, and symposiums for businessmen and private sector companies in the concerned countries to discuss investment and commercial cooperation, whether bilateral or collective. Egypt, Economics, 2/16/1998 - Tunisia - Egypt committee on Free exchange in March
The high committee, during its previous session last year in Tunisia, decided on 9 conventions for bilateral cooperation investment and scientific research. Tunisia-Egypt, Economics, 2/16/1998 - Palestinian Aqsa bank to open midyear
A Jordanian official said the Palestinian Aqsa bank is expected to begin banking activities in the Palestinian self-rule areas in the middle of the current year. Palestine, Business, 2/16/1998 - Egypt - Sudan Nile water organization meets today
Both sides will discuss international bank participation in establishing water projects in the two countries within the agreement held between the international bank and the Nile basin countries to establish 22 projects at a cost of $100 million. Egypt-Sudan, Economics, 2/16/1998